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It’s been widely publicized that Federal Reserve Chairman Jerome Powell has come under pressure from the White House to pause rate hikes for fear of straining the economy. More recently, there have been allegations that balance sheet reduction is in part to blame for the volatility that shook markets in

What a difference a year makes. Every January we publish a report analyzing top trends to monitor in the coming year. Last year, we noted the relative calm in short-term debt markets, a full-employment economy boosted by tax-cut legislation, and expectations that the Fed would continue its series of slow,

For corporate cash investors managing portfolios during an economic expansion, “what goes up, must come down” is a good rule to live by. The current decade-long expansion in the U.S.---among the longest on record---has defied that maxim so far. But as it matures into old age, risks for investors are

Corporate cash managers by necessity are amongst the most conservative of investors. Before optimizing yield potential, they must often worry first about ensuring liquidity while reducing risk. That’s why in the aftermath of the 2008 credit crisis, corporations hunkered down almost exclusively in government-issued and government-backed debt. For a time,

Is an inverted yield curve still a reliable predictor of an impending recession? And will the recent flattening yield curve affect bank credit quality? Currently, with the narrowest spread between the 2-Year U.S. Treasury bill and the 10-Year U.S. Treasury note since the 2007 recession, both those questions are on